Which of the Following Statements Explains the Difference Between Tariffs

question 107

Multiple Choice

Which of the following statements explains the difference between tariffs and quotas

• A)Tariffs reduce the quantity of the imports and raise the domestic price of the good but quotas do not.
• B)"Voluntary" limits on Canadian exports of hogs are better for the United States than U.S.tariffs placed on Canadian hog exports.
• C)Tariffs and quotas differ in that tariffs work like a tax and therefore impose deadweight losses, whereas quotas do not impose deadweight losses.
• D)A tariff raises revenue for the government, whereas an import quota creates surplus for those who get the licences to import.

Identify strategies for entering and expanding in a market, including the use of analytics and feedback loops.

Distinguish between different market analysis strategies (top-down vs bottom-up) and their application in estimating market potential.

Understand the value and process of segmentation in targeting the launch market and approach for establishing a market foothold.

Recognize the role of exclusionary personas in refining marketing and product development focus.

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Definitions:

Desertification

A progression where arable land turns into barren desert areas, usually caused by periods of dryness, the removal of trees, or improper agricultural methods.

Topsoil

Uppermost layer of soil; contains the most organic matter and plant nutrients.

Endemic

A term describing a species or condition regularly found and restricted to a certain area or population.

Dry Deposition

The process by which pollutants in the atmosphere are transferred to the Earth's surface without precipitation.